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Check out construction progress at the Ritz-Carlton Residences in Miami Beach

Construction of the Ritz-Carlton Residences, Miami Beach is in the homestretch. With most of the exterior done, the 7.5-acre project at 4701 Meridian Avenue is taking shape. Nearly all windows have been installed, glass railings are mounted on balconies and stucco and paint… Continue Reading →

Michael Comras pays $5M for missing piece of South Beach development site

Rendering of BLVD at Lenox and Michael Comras Michael Comras paid $5 million for the missing piece of a development site in South Beach where he plans to build a new retail complex. Property records show Comras’ MAC 1045 5th… Continue Reading →

Food manufacturing CEO sells Continuum South Beach condo for $6.3M

Food and beverage titan Giovanni “John” LiDestri just sold his Continuum South Beach unit for $6.3 million, property records show. A trust managed by U.S. Bank bought the three-bedroom, 2,900-square-foot condo. Townhouse 4 sold for about $2,172 per square foot. LiDestri… Continue Reading →

Yacht Club at Portofino sues to evict city of Miami Beach over nonpayment for repairs

Yacht Club at Portofino A dispute over nearly $900,000 in building repairs, between the condominium association for the Yacht Club at Portofino and the city of Miami Beach, could prevent city residents and visitors from parking cars and using public… Continue Reading →

Ronny Finvarb pays $19M for Citibank building in South Beach, plans hotel

1685 Washington Avenue and Ronny Finvarb Developer Ronny Finvarb paid $19.2 million for a Citibank branch building in South Beach where he plans to build a 150-room hotel, sources told The Real Deal. The Finvarb Group bought the property at 1685… Continue Reading →

Mansion nightclub’s former space on Washington Avenue for lease at $70k/month

Mansion nightclub and John Brandt Mansion nightclub’s former space on Washington Avenue in South Beach is on the market for lease at $70,000 a month or $840,000 a year, The Real Deal has learned. John Brandt’s family has owned the… Continue Reading →

Miami Beach residents push back against plans to raise streets to combat sea-level rise

Crews installing pumps in Miami Beach (Credit: Getty Images) Flooding on North Bay Road in July After a recent bout of heavy rains, some Mid-Miami Beach homeowners say city sea-level mitigation plans could make things worse. Two weeks ago, developer… Continue Reading →

Aging Miami Beach rentals command $240,000 per unit

2150 Park Avenue in Miami Beach (Source: Google) A 20-unit apartment building in Miami Beach sold for $4.8 million, or $240,000 per apartment, despite the building’s limited cash flow and substantial maintenance needs. The 60-year-old rental property at 2150 Park… Continue Reading →

Miami Beach philanthropists buy next door neighbor’s North Bay Road waterfront home for $11.3M

4350 and 4358 North Bay Road Inset: Stephen and Petra Levin (Credit: University of Pennsylvania) A Miami Beach couple just dropped $11.34 million for their second waterfront home on North Bay Road, property records show. Stephen and Petra Levin scooped… Continue Reading →

The historic Berkeley Hotel in Miami Beach reopens after expansion

1610 Collins Avenue Blue Road, a Miami development company led by principals Jorge Savloff and Marcelo Tenenbaum, just announced the re-opening of the historic Berkeley Hotel in Miami Beach. The Argentine investors spent a total of about $43 million on… Continue Reading →

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